Fitch leaves SA’s rating unchanged, flags contentious NHI
The ratings agency says the GNU has provided some certainty, but risks to political stability remain
13 September 2024 - 14:42
The international credit ratings agency Fitch Ratings has again kept SA’s credit rating unchanged, saying that while the formation of the government of national unity (GNU) has lowered short-term policy uncertainty, risks to political stability remain due to contentious issues such as the implementation of the national health insurance (NHI).
Fitch’s rating remains at BB- with a stable outlook, indicating an elevated vulnerability to default risk...
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